Government Affairs

Days after the confirmation of Bill Pulte as Director of the Federal Housing Finance Agency (FHFA), The Community Home Lenders of America (CHLA) sent a comprehensive letter to Director Pulte, laying out CHLA’s priorities for protecting small IMB mortgage lenders and the GSE affordable housing mission.

The U.S. Senate voted 56-43 to confirm William Pulte as Director of the Federal Housing Finance Agency (FHFA). The bipartisan vote comes quickly after the Senate Banking Committee favorably reported Pulte on a 15-9 vote last week. This move is getting high industry praise. Here’s what has been said:

The Community Home Lenders of America (CHLA) released the following statement in response to HUD’s action, published in the Federal Register – to delay by six months the compliance deadline for a requirement that new homes financed with FHA loans must meet the International Energy Conservation Code (IECC) energy standards for new homes:

The Community Home Lenders of America (CHLA) sent a letter to the Consumer Financial Protection Bureau (CFPB) laying out suggested reforms to streamline CFPB regulation of smaller independent mortgage banks (IMBs).

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Senate Banking, Housing, and Urban Affairs Committee’s vote on Scott Turner’s confirmation to serve as Secretary of the Department of Housing and Urban Development (HUD):

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Department of Housing and Urban Development’s (HUD) announcement of changes to the minimum debt service coverage ratio (DSCR) and maximum loan-to-cost percentage (LTC) levels for Federal Housing Administration (FHA) multifamily loans:

MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement on today’s Federal Housing Finance Agency (FHFA) and U.S. Treasury amendments to the Preferred Stock Purchase Agreements (PSPAs):

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the passage of the bipartisan Homebuyers’ Privacy Protection Act (S. 3502) in the U.S. Senate:

Scott Olson, executive director of the Community Home Lenders of America (CHLA) released the following statement:

The Mortgage Bankers Association (MBA) and National Consumer Law Center (NCLC), along with the California Mortgage Bankers Association, Housing Policy Council, Jacksonville Area Legal Aid, Mortgage Bankers Association of Missouri, Mortgage Bankers Association of Florida, and Public Counsel of California issued the following joint statement in response to the Consumer Financial Protection Bureau’s (CFPB) final rule on consumer protections for residential Property Assessed Clean Energy (PACE) loans1. PACE programs offer financing to cover the costs of home improvements, most often energy efficiency improvements or solar installation, with the cost added to the homeowner’s tax bill.